Muskdex has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The spread at Muskdex is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a family member had a good experience and initially thought the platform was good - until I started trading seriously.
Pros: Multi-device support|Regular platform improvements|Market news feed|Dividend tracking
Cons: Minor UI glitches occasionally|Help articles are sometimes vague
The onboarding at Muskdex was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Intuitive for beginners|Good analytical tools
Cons: Limited ETF selection|Minor UI glitches occasionally
I opened an account with Muskdex since I retired last year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Multi-currency support|Helpful community forum
Cons: Withdrawal takes 1-2 business days
What really bothers me about Muskdex is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a blog post comparing services and I fell for the polished exterior. Never again.
Pros: Excellent charting|Social trading features|Full transparency
Cons: No live chat on mobile